Shares of Derwent London Plc (LON:DLN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,949.11 ($25.94) and traded as high as GBX 1,956 ($26.03). Derwent London shares last traded at GBX 1,953.57 ($26.00), with a volume of 224,882 shares.
Analysts Set New Price Targets
Separately, Shore Capital reissued a "buy" rating on shares of Derwent London in a research report on Thursday, May 8th.
View Our Latest Stock Report on Derwent London
Derwent London Stock Up 0.6%
The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68. The business has a fifty day simple moving average of GBX 1,874.72 and a two-hundred day simple moving average of GBX 1,949.14. The company has a market capitalization of £2.20 billion, a price-to-earnings ratio of -6.10, a P/E/G ratio of 23.10 and a beta of 1.03.
Derwent London (LON:DLN - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.42) earnings per share for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. Equities analysts expect that Derwent London Plc will post 113.7351779 EPS for the current year.
Derwent London Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 24th will be issued a dividend of GBX 55.50 ($0.74) per share. This represents a yield of 3%. This is an increase from Derwent London's previous dividend of $25.00. The ex-dividend date of this dividend is Thursday, April 24th. Derwent London's payout ratio is presently -24.82%.
Insider Buying and Selling at Derwent London
In other news, insider Damian Wisniewski bought 2,836 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of GBX 1,749 ($23.28) per share, for a total transaction of £49,601.64 ($66,012.30). Company insiders own 7.98% of the company's stock.
About Derwent London
(
Get Free Report)
Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Derwent London, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Derwent London wasn't on the list.
While Derwent London currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
